One Florida man is having major buyer's remorse after spending $12,000 on Floyd Mayweather-endorsed NFTs.
Tyler, a 35-year-old Miami man, told NBC News that he's now struggling to afford gas and food because of rising inflation after purchasing the "Bored Bunny".
He said that the NFT-shilling celebrities took their payouts and moved on, while everyone who invested in their futures got robbed.
The Bored Bunny NFT project promised investors they would make 2x, 5x, or even more if they invested in it.
The creators of the Bored Bunny claimed in a statement that they had received death threats from angry investors who bought after celebrities like Jake Paul and DJ Khaled convinced them to. This sort of celebrity endorsement scheme is not unique to this project, it is called arug pull, and it keeps on happening.
In spite of the heat, the Bored Bunny folks don't seem that upset about losing their investors an estimated $20.7 million, and told NBC that it's not their fault.
Tyler told the news outlet that buying Bored Bunny NFTs has left him in ruins.
The Florida man said that this financially crippled him.
Some investors are financially crippled by Celebrity-endorsed NFTs.
Clicking on.EXE files disguises them as NFTs.